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Medical Office Portfolio
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1839 Central Ave, St Petersburg, FL 33713

Two medical office buildings operate under new NNN leases with a single outpatient healthcare tenant.

Property Size34,548 SF
Days on Market139

Property Features for 1839 Central Ave

General Information

Standard status Active
Size 34,548 SF
Class B
Property subtype Office
Occupancy 100%
Lease Type NNN
Investment Type Net Lease
Net Operating Income $967,344

Building Details

Buildings 2
Tenancy Single
Listing Agency: Zeustra Healthcare Real Estate Advisors
Listed By: Ryan Lupo · License #NJ 2189708
Source: Crexi
Added: Apr 15 Changed: Aug 30 Last Checked: Aug 30 at 6:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zeustra Healthcare Real Estate Advisors

Investment Insights

Based on property information with market context.

This medical office portfolio comprises two buildings totaling 34,548 SF at 1839 Central Ave in St. Petersburg, Florida. Both properties are fully occupied by a single outpatient healthcare operator and supported by new 10-year NNN leases featuring 2.5% annual escalations. The leases carry no landlord responsibilities, and the buildings may be acquired together or separately.

The properties sit in St. Petersburg’s urban core, within minutes of Orlando Health Bayfront Hospital and St. Anthony's Hospital. The tenant platform includes more than 28 physicians and serves the greater Tampa Bay region. The assets provide a consolidated healthcare real estate offering with defined lease terms and an established medical occupancy profile.

Key Highlights

  • Two‑building medical office portfolio totaling 34,548 SF
  • Fully occupied by a single outpatient healthcare operator
  • New 10‑year NNN leases with 2.5% annual escalations

Property Analytics

Current Use

Dr. Michael Coleman Physician Stafford Total Health ... Alternative Medicine Practice Diana Tiwari Physician Kehl-Pruett Wendy M Physician Hazem Al-Andary, M.D. Physician

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Electrical Service Pharmacy Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,509
Businesses Nearby
Balanced
Demand for This Use

Demographics for 33713, FL

31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Two medical office buildings operate under new NNN leases with a single outpatient healthcare tenant.
Where is this medical office space located?
The property is located at 1839 Central Ave St Petersburg, FL.
What are key features of this property?
This property features: Two‑building medical office portfolio totaling 34,548 SF; Fully occupied by a single outpatient healthcare operator; New 10‑year NNN leases with 2.5% annual escalations
More about this property
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